Monday, Mar 01, 2021 - 07:54:44
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Street’s fourth quarter:

    NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Twitter Inc., up $7.90 to $67.77. The social media company reported higher daily users, helping its fourth-quarter financial results beat Wall Street forecasts. Match Group Inc., up $12.20 to $171.07. The online dating app company is buying Hyperconnect for about $7.3 billion. Lyft Inc., up $2.57 to $56.21. The ride-hailing company lost less money in the fourth-quarter than analysts expected. Under Armour Inc., up $1.73 to $22.45. The sports apparel company reported a surprise fourth-quarter profit and revenue above Wall Street forecasts. Alteryx Inc., down $22.30 to $116.36. The software company gave investors a disappointing earnings and revenue forecast. Pacific Biosciences of California Inc., up $6.36 to $45.90. Softbank is investing $900 million in the genetics technology company. NIC Inc., up $4.67 to $34.48. The developer of government online services, websites and apps is being bought...
    NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Simon Property Group Inc., up $3.61 to $102.55. The shopping mall owner gave investors an encouraging profit forecast for 2021. Jack Henry & Associates Inc., down $8.70 to $149.51. The payment processing company’s fiscal second-quarter revenue fell short of Wall Street forecasts. Wesco International Inc., down $12.71 to $76.62. The maker of electrical and industrial maintenance supplies reported disappointing fourth-quarter earnings. Beacon Roofing Supply Inc., up $2.27 to $45.96. The roofing materials distributor beat Wall Street’s fiscal first-quarter profit forecasts as residential demand increased. Hanesbrands Inc., up $3.98 to $19.96. The underwear, t-shirt and sock maker reported surprisingly good fourth-quarter financial results. Sealed Air Corp., down 5 cents to $45.45. The packaging company beat Wall Street’s fourth-quarter profit and revenue forecasts. Carrier Global Corp., down $2.45 to $37.25. The heating, ventilation and air conditioning company’s profit...
    Tedy Bruschi says Matthew Stafford not tough enough to play for Patriots 11 Traditional Lunar New Year Foods to Eat in 2021 Ford is set to report results after the bell. Heres what Wall Street expects DETROIT – Ford Motor is expected Thursday to report a loss for the fourth quarter due to the coronavirus pandemic and increased costs to roll out new vehicles. © Provided by CNBC A passing car carrier is reflected in the grille of a 2017 Ford Motor Co. F-150 pickup truck on display at the Sutton Ford Lincoln car dealership in Matteson, Illinois. Here's what Wall Street is expecting, based on average analysts' estimates compiled by Refinitive. Adjusted EPS: a loss of 7 cents a share Automotive revenue: $33.89 billion Ford CFO John Lawler in October projected that the automaker's adjusted pretax earnings for the fourth quarter would fall somewhere between a...
    NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Alphabet Inc., up $139.76 to $2,058.88. The parent company of search engine Google handily beat Wall Street’s fourth-quarter profit and revenue forecasts. Chipotle Mexican Grill Inc., down $23.06 to $1,499.99. The Mexican food chain’s fourth-quarter profit fell short of analysts’ forecasts. Amazon.com Inc., down $67.47 to $3,312.53. Jeff Bezos will step down as CEO of the the online retail giant, to be replaced by long-time executive Andy Jassy. Electronic Arts Inc., down $8.15 to $140.82. The maker of “Medal of Honor” and other video games gave investors a disappointing profit forecast. GW Pharmaceuticals Plc., up $65.12 to $211.37. Jazz Pharmaceuticals is buying the cannabis-based drug developer for about $7.2 billion in cash and stock. Evercore Inc., up $4.63 to $119.15. The investment bank reported surprisingly strong fourth-quarter financial results. W.W. Grainger Inc., down $7 to $366.11....
    By Deena Beasley (Reuters) - Amgen Inc on Tuesday reported a higher-than-expected quarterly profit as sales of newer drugs offset lower revenue from older off-patent medications, but the biotech company forecast 2021 earnings below Wall Street estimates. For the full year, Amgen said it expects adjusted earnings of $16.00 to $17.00 per share on revenue of $25.8 billion to $26.6 billion. Analysts were looking for $17.03 per share on revenue of $26.45 billion, according to IBES data from Refinitiv. Due to the COVID-19 pandemic, Amgen said physician-patient interactions remained below normal levels in the fourth quarter and it expects that to continue through 2021. In a statement, the company said recovery in the latter part of the year is contingent on the speed and effectiveness of the global vaccination rollout. For the fourth quarter, Amgen reported adjusted earnings per share of $3.81, beating the average analyst estimate of $3.40 per...
    NEW YORK (AP) — Pfizer swing to a small profit in the fourth-quarter as rising medicine sales helped offset big increases in spending on research and production, but it still missed Wall Street expectations. The New York drugmaker, the first company to get U.S. emergency use authorization for a COVID-19 vaccine, reported fourth-quarter net income of $594 million, or 10 cents per share. A year earlier, Pfizer posted a loss of $337 million, or 6 cents per share, mainly due to a big writedown on the value of eczema drug Eucrisa. Excluding one-time items, adjusted earnings came to 42 cents per share, or 4 cents shy of Wall Street projections, according to a survey by Zacks Investment Research. The maker of the world’s top-selling vaccine, Prevnar 13 for preventing pneumonia and related bacterial diseases, reported revenue of $11.68 billion, up 12% from 2019's fourth quarter. That beat Wall Street forecasts...
    NEW YORK (AP) — Pfizer swing to a small profit in the fourth-quarter as rising medicine sales helped offset big increases in spending on research and production, but it still missed Wall Street expectations. The New York drugmaker, the first company to get U.S. emergency use authorization for a COVID-19 vaccine, reported fourth-quarter net income of $594 million, or 10 cents per share. A year earlier, Pfizer posted a loss of $337 million, or 6 cents per share, mainly due to a big writedown on the value of eczema drug Eucrisa. Excluding one-time items, adjusted earnings came to 42 cents per share, or 4 cents shy of Wall Street projections, according to a survey by Zacks Investment Research. The maker of the world’s top-selling vaccine, Prevnar 13 for preventing pneumonia and related bacterial diseases, reported revenue of $11.68 billion, up 12% from 2019’s fourth quarter. That beat Wall Street...
    NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Tesla Inc., down $28.73 to $835.43. The electric car maker’s fourth-quarter profit fell short of Wall Street forecasts. Comcast Corp., up $3.18 to $51.60. The owner of NBC’s fourth-quarter profit and revenue beat analysts forecasts. Stanley Black & Decker Inc., up $6.67 to $180.02. The tool company reported a surge in fourth-quarter profits as the stay-at-home trend bolstered tool sales. American Airlines Group Inc., up $1.54 to $18.10. The airline’s fourth-quarter loss wasn’t as severe as Wall Street anticipated. ServiceNow Inc., up $37.74 to $554.24. The software company beat analysts’ fourth-quarter financial forecasts as billings and subscriptions grew. McCormick & Co., down $3.05 to $91.02. The spices and seasonings company reported weak fourth-quarter financial results and a disappointing profit forecast. Hologic Inc., up $3.27 to $75.78. The medical device maker gave investors an encouraging financial forecast...
    NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Walgreens Boots Alliance Inc., up $1.99 to $51.18. The drugstore chain named Starbucks executive Roz Brewer as its new CEO to succeed Stefano Pessina. Microsoft Corp., up 57 cents to $232.90. The software giant beat Wall Street’s second-quarter profit forecasts on strong demand for workplace software and cloud computing services. Starbucks Corp., down $6.82 to $97.87. The coffee shop chain reported disappointing fiscal first-quarter sales results. Capital One Financial Corp., up $2.76 to $102.69. The credit card issuer and bank handily beat Wall Street’s fourth-quarter profit forecasts. Perspecta Inc., up $2.55 to $28.80. Veritas Capital is buying the government services company for about $7.1 billion. Silgan Holdings Inc., down 35 cents to $35.93. The packaging products supplier fared better than the broader market after beating analysts’ fourth-quarter profit forecasts. Boeing Co., down $8.03 to $194.03. The...
    Fact check: Josh Hawley Spineless Traitor book cover is satire Facebook, Reddit get low marks for handling of Holocaust denial content Holiday halo bodes well for advertising spend: Heres what 4 Wall Street analysts expect from Facebooks 4th-quarter earnings report © Jeff Chiu/AP Jeff Chiu/AP Facebook is set to release its fourth-quarter earnings report after the close on Wednesday, and expectations are mixed. The social media platform is expected to have benefited from a strong holiday season, but beef with Apple could cloud outlook. Here's what four Wall Street analysts expect to see from Facebook's fourth-quarter earnings report. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Facebook will release its fourth-quarter earnings after the market closes on Wednesday, and analyst expectations are mixed. Load Error Uncertainties remain on Apple's updated IDFA policy in iOS 14, which could spark a...
    One killed, around 20 injured after tornado hits Birmingham, Alabama, suburb Senators to be sworn in for Trump impeachment trial J&J beats fourth-quarter earnings expectations, will release Covid vaccine data soon Johnson & Johnson on Tuesday reported fourth-quarter earnings and revenue that beat Wall Street's expectations. The company also said it would release key details on its coronavirus vaccine "soon." © Provided by CNBC Johnson & Johnson Coronavirus vaccine illustration Here's how J&J did compared with what Wall Street expected, according to average estimates compiled by Refinitiv: Adjusted EPS: $1.86 per share versus $1.82 expected. Revenue: $22.48 billion versus $21.67 billion expected. "I'm incredibly proud of our Johnson & Johnson teams around the world for going above and beyond to meet stakeholder needs," J&J CEO Alex Gorsky said in a press release. "We continue to progress our COVID-19 vaccine candidate and look forward to sharing details...
    Johnson & Johnson Coronavirus vaccine illustrationDado Ruvic | Reuters Johnson & Johnson on Tuesday reported fourth-quarter earnings and revenue that beat Wall Street's expectations. Here's how J&J did compared with what Wall Street expected, according to average estimates compiled by Refinitiv: Adjusted EPS: $1.86 per share versus $1.82 expected. Revenue: $22.48 billion versus $21.67 billion expected. "I'm incredibly proud of our Johnson & Johnson teams around the world for going above and beyond to meet stakeholder needs," J&J CEO Alex Gorsky said in a press release. "We continue to progress our COVID-19 vaccine candidate and look forward to sharing details from our Phase 3 study soon." This is a developing story. Please check back for updates.Related Tags Business Health care industry Politics U.S. Economy Biotech and Pharmaceuticals
    NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: ACI Worldwide Inc., up $1.87 to $40.50 The payment systems company is considering options including a sale, according to media reports. Baker Hughes Co., down 34 cents to $22.55 The oilfield services company’s fourth-quarter profit fell short of Wall Street forecasts. Apple Inc., up $4.84 to $136.87 The iPhone maker is developing a virtual reality headset device, according to media reports. United Airlines Holdings Inc., down $2.59 to $42.59 The airline reported a sharper fourth-quarter loss than Wall Street expected and warned of weak revenue in the first quarter. Beazer Homes USA Inc., up 94 cents to $19.30 Homebuilders made gains after a report showed U.S. home construction jumped 5.8% in December to a 14-year high. Healthpeak Properties Inc., down 23 cents to $29.93 The company is buying back up to $1.45 billion in senior notes....
    Premier League to start trial of concussion subs 25 Vegetarian Passover Recipes Youll Look Forward to All Seder Long Dow Up 200 Points as Wall Street Looks to Biden for More Stimulus Stocks traded higher Wednesday as investors anticipate that an administration under Joe Biden, who will be sworn in Wednesday as the 46th president of the United States, will increase spending to boost economic growth. © TheStreet Dow Up 200 Points as Wall Street Looks to Biden for More Stimulus Biden will be sworn in at 12 p.m. ET in Washington. Load Error The Dow Jones Industrial Average was up 201 points, or 0.65%, to 31,132, the S&P 500 gained 1.08% and the Nasdaq jumped 1.719%, getting a lift from strong earnings at Netflix . The S&P 500 has risen for eight of the past nine presidents during their first 100 days in office....
    Inauguration security: 25,000 National Guard members in a fortified D.C. Hate speech, violent threats, conspiracy theories: Is tech doing enough after Capitol attack? Depends on who you ask Stocks Rise as Wall Street Looks to Biden for More Stimulus, Netflix Soars Stocks traded higher Wednesday as investors anticipate that an administration under Joe Biden, who will be sworn in Wednesday as the 46th president of the United States, will increase spending to boost economic growth. © TheStreet Stocks Rise as Wall Street Looks to Biden for More Stimulus, Netflix Soars Biden will be sworn in at 12 p.m. ET in Washington. Load Error The Dow Jones Industrial Average was up 85 points, or 0.28%, to 31,016, the S&P 500 gained 0.68% and the Nasdaq jumped 1.29%, getting a lift from strong earnings at Netflix . The S&P 500 has risen for eight of the past...
    James Gorman, chairman and chief executive officer of Morgan Stanley, appears on CNBC's Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020.Adam Galici | Getty Images Morgan Stanley is set to report fourth-quarter earnings before the opening bell on Wednesday. Here's what Wall Street expects:Earnings: $1.27 a share, 2.4% lower than a year earlier, according to Refinitiv. Revenue: $11.5 billion, 6.3% higher than a year earlier. Wealth management: $5.2 billion, according to FactSet. Trading: Equities $2.14 billion; fixed income $1.42 billion. How did Morgan Stanley navigate the markets late last year? That is the question after trading results at rivals Goldman Sachs and JPMorgan Chase helped drive earnings beats, while markets desks at Bank of America and Citigroup underwhelmed. Morgan Stanley, led by CEO James Gorman, also has the biggest wealth management business among the six largest U.S. banks, operations that typically benefit from...
    David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020.Adam Galacia | CNBC Goldman Sachs is scheduled to report fourth-quarter earnings before the opening bell on Tuesday. Here's what Wall Street expects: Earnings: $7.47 per share, 59% higher than a year earlier, according to Refinitiv.Revenue: $9.9 billion, almost unchanged from a year earlier.Trading Revenue: Fixed Income: $2.06 billion; equities: $1.89 billion.Investment Banking Revenue: $2.15 billion. Expectations are running high for Goldman Sachs CEO David Solomon. Last week, JPMorgan Chase posted record fourth-quarter trading and advisory results that helped the bank beat profit estimates. Of the six biggest U.S. banks, Goldman gets the biggest share of its revenue from Wall Street activities including trading and investment banking. For the past few years that has been a detriment to the firm as retail banking has driven the industry's record profits. Now, for the final quarter...
    Washington Post: Meghan seeks court ruling over serious breach of privacy Bank of America is set to report fourth-quarter earnings — here’s what the Street expects Here's what Wall Street expects: Earnings: 55 cents a share, 26% lower than the year-earlier period, according to Refinitiv. Revenue: $20.7 billion, 8.1% lower than a year earlier. © Provided by CNBC Brian Moynihan, Bank of America, speaking at the WEF at Davos, January 21, 2020 Bank of America is scheduled to report fourth-quarter earnings before the opening bell on Tuesday. Load Error Here's what Wall Street expects: Earnings: 55 cents a share, 26% lower than the year-earlier period, according to Refinitiv. Revenue: $20.7 billion, 8.1% lower than a year earlier. Net Interest Margin: 1.74% Trading Revenue: Fixed Income $2.11 billion, Equities $1.22 billion Will Bank of America join rivals by posting results that benefit from...
    Opening with falls on Wall Street. The Dow Jones falls 0.60%, to 30,807.74 points and the S&P 500, 0.29%, to 3,786.39 points; while the Nasdaq rises 0.19%, to 13,138.12 points. Joe Biden presented yesterday in the United States, after the closure of Wall Street, the new stimulus package that has 1.93 trillion dollars with personal checks of 1,400, added to the extension of unemployment benefits of up to 400 dollars per week and until September 2021, in addition to the moratorium on evictions and foreclosures. In addition, the Democrat has announced that he will allocate $ 350 billion in aid to state and local governments, $ 70 billion for Covid tests and vaccination programs, as well as increasing the federal minimum wage to $ 15 per hour. Thus, Wall Street extends the decreases that it already registered in yesterday’s session at Friday’s opening, with the focus on the...
    Dog-meat tweeting judge in Sun doping case had doubtful impartiality: Swiss court Most iconic Dodge cars and trucks ever built Citigroup is set to report fourth-quarter earnings – heres what the Street expects Here's what Wall Street expects: Earnings: $1.34 a share, 38% lower than a year earlier, according to Refinitiv Revenue: $16.7 billion, 9.1% lower than a year earlier Trading Revenue: Fixed income: $2.61 billion, Equities: $697 million, according to FactSet © Provided by CNBC Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Citigroup is scheduled to report fourth-quarter earnings before the opening bell Friday. Here's what Wall Street expects: Earnings: $1.34 a share, 38% lower than a year earlier, according to Refinitiv Revenue: $16.7 billion, 9.1% lower than a year earlier...
    Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019.Kyle Grillot | Bloomberg via Getty Images Citigroup is scheduled to report fourth-quarter earnings before the opening bell Friday. Here's what Wall Street expects: Earnings: $1.34 a share, 38% lower than a year earlier, according to Refinitiv Revenue: $16.7 billion, 9.1% lower than a year earlier Net Interest Margin: 2.01%, according to FactSet Trading Revenue: Fixed income: $2.61 billion, Equities: $697 million, according to FactSet Citigroup made history when it announced Jane Fraser was taking over as CEO, making it the first big Wall Street bank to be run by a woman. Now, weeks before she's set to take over for Mike Corbat, Fraser is expected to address investors and analysts for the first time on Friday. Shareholders are...
    Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC's Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020.Adam Galica | CNBC JPMorgan Chase is scheduled to report fourth-quarter earnings before the opening bell Friday. Here's what Wall Street expects: Earnings: $2.62 per share, 2.1% higher than a year earlier, according to Refinitiv. Revenue: $28.7 billion, 1.7% lower than a year earlier. Net Interest Margin: 1.84%, according to FactSet Trading Revenue: Fixed income $4.12 billion, Equities $1.84 billion JPMorgan Chase, the first major lender to report fourth-quarter earnings, will be closely watched for clues as to how the industry is weathering the coronavirus pandemic. One key question is whether banks, which set aside tens of billions for loan losses last year, are largely done preparing for defaulting loans and might even begin releasing reserves. A bright spot in 2020 for Wall Street...
    Vatican report on disgraced ex U.S. cardinal McCarrick expected this month: sources British grocer Sainsburys is cutting 3,500 jobs and closing more than 80% of Argos stores General Motors is set to report earnings before the bell. Heres what Wall Street expects General Motors is set to report its third quarter earnings before the bell on Thursday. If GM's third quarter was anything like its crosstown rivals, the automaker should outperform expectations. Both Ford Motor and Fiat Chrysler beat Wall Street's expectations on better-than-expected demand for trucks and SUVs in North America © Provided by CNBC General Motors CEO Mary Barra speaks to the news media June 12, 2018 in Detroit, Michigan. General Motors is set to report its third-quarter earnings before the bell on Thursday. Here's what Wall Street is expecting, based on average analysts' estimates compiled by Refinitive. Adjusted EPS: $1.38 Revenue: $35.51 billion...
    General Motors CEO Mary Barra speaks to the news media June 12, 2018 in Detroit, Michigan.Bill Pugliano | Getty Images General Motors is set to report its third-quarter earnings before the bell on Thursday. Here's what Wall Street is expecting, based on average analysts' estimates compiled by Refinitive. Adjusted EPS: $1.38 Revenue: $35.51 billion Former CFO Dhivya Suryadevara told investors in July that the automaker expected the third quarter to be "slightly stronger" than the fourth quarter. She unexpectedly left GM for digital payments company Stripe in August. Suryadevara said if the monthly sales pace during the second half of the year was 14 million, investors should expect a pretax profit of $4 billion to $5 billion through the fourth quarter. In that scenario, GM expected to generate free cash flow of $7 billion to $9 billion. Suryadevara declined to release official guidance at the time, citing...
    Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018.Anushree Fadnavis | Reuters Shares of Twitter, Facebook, Apple and Amazon remained down in premarket trading Friday after the companies released quarterly reports that failed to wow Wall Street. Here's what's going on.TwitterTwitter stock plunged more than 16% after the company beat analysts' expectations on profit and revenue, but failed to meet on user growth. Twitter grew its total monetizable daily active users by just 1 million people from last quarter to 187 million users, falling shy of analysts' expectations of 195 million mDAUs for the third quarter.FacebookFacebook, down more than 1% in the premarket, also spooked investors after the company reported a decrease in users in the U.S. and Canada. The company said that its American and Canadian user base fell to 196 million daily active...
    Trump administration sued by civil rights groups over executive order restricting diversity training Economy grew at record 33.1% pace in Q3 as more businesses reopened after COVID shutdowns. But growth could slow. Valuation leaves little room for error: Heres what 4 Wall Street banks expect from Apples fiscal 4th-quarter earnings report © (Photo by Lisa Maree Williams/Getty Images) (Photo by Lisa Maree Williams/Getty Images) Apple is set to report fiscal fourth-quarter results on Thursday, cluing investors in on how the company performed just before its latest iPhone event. In the quarter that ended in September, Apple introduced services and updated its watch and iPad lineups. The reveal of its first 5G-capable iPhone lineup arrived later than usual, and while iPhone 12 sales won't show up in Thursday's report, investors and analysts will closely monitor commentary on iPhone demand. Here's what four major banks expect from Apple's fiscal fourth-quarter...
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